Press Kogyo Co., Ltd.

Company Profile

■URL

http://www.presskogyo.co.jp/en/

■Address

1-1-1 Shiohama, Kawasaki-ku, Kawasaki-shi, Kanagawa Pref., 210-8512 Japan

Business Overview

-Mainly manufactures and sells automotive components (cross members, frame assemblies, brackets, etc.), finished vehicles, automotive stamping dies and assembly devices, and construction machinery components.

-The Company conducts its business in two operating segments: the Automobile-Related Business; and the Construction Machinery Business.

 

Financial Highlights

-The Company’s financial results for the fiscal year that ended in March 2022 are as follows.
Consolidated sales: JPY 160,060 million 
Operating income: JPY 12,424 million
Ordinary income: JPY 12,673 million 
Current net profit attributable to the parent-company’s shareholders: JPY 7,107 million.

Shareholders

‐From April 2022, moved to the Prime Market of the Tokyo Stock Exchange (As of Mar. 31, 2022)
Name or Company Name Investment Ratio (%)
The Master Trust Bank of Japan, Ltd. (Trust account) 13.51
Isuzu Motors Ltd. 9.63
Custody Bank of Japan, Ltd. (Trust Account) 5.24
Nippon Steel Trading Corporation 4.76
Marubeni-Itochu Steel Inc. 3.13
STATE STREET LONDON CARE OF STATE STREET BANK AND TRUST, BOSTON SSBTC A/C UK LONDON BRANCH CLIENTS- UNITED KINGDOM 2.73
STATE STREET BANK AND TRUST COMPANY 505227 2.37
Press Kogyo Employee Stock Ownership Plan 2.35
NORTHERN TRUST CO. (AVFC) SUB A/C NON TREATY 2.32
Press Kogyo Customer share holding commission 2.25
Total 48.30

Products

Chassis frames
-Rivet type frames for heavy-duty trucks
-Rivet type frames for medium-duty trucks
-Rivet type frames for light trucks
-Weld type frames for pickup trucks

Axle modules
Drive Axles
-Rear-front drive axles for heavy-duty trucks
-Rear-rear drive axles for heavy-duty trucks
-Rear drive axles for medium and heavy-duty trucks
-Rear dead axles for heavy-duty trucks

Axle case
-Rear-front axle cases for heavy-duty trucks
-Rear-rear axle cases for heavy-duty trucks
-Rear axle cases for heavy-duty trucks
-Rear dead axles cases for heavy-duty trucks
-Front axle cases for light and medium-duty trucks
-Rear axle cases for light and medium-duty trucks
-Rear axle cases for pickup trucks and SUVs

Axle tube
-Axle tubes for pickup trucks/SUVs

Under-run protectors
-Front Under-run Protector
-Rear Under-run Protector

Plastic Parts
-Cab rear covers
-Side covers
-Transmission covers
-Under covers
-Air cleaner brackets
-Urea water tank brackets
-Battery trays
-Front tire splash
-Rear steps

Other automotive parts
-Front bumpers
-Axle shafts; after machining
-ABS sensor rings
-Instrument panel cores
-Cowl top panels
-Front pillar inner
-Door impact beams
-Ladder frames

History

Feb. 1925 Established "Press Works," a limited partnership, in Ohi, Shinagawa-ku, Tokyo.
Started stamping of train components and construction materials.
May 1929 Started production of frames. Entered into automotive components segment.
Jun. 1933 Started production of rear axle housing.
Jun. 1934 Incorporated the company and renamed it "Press Kogyo Co., Ltd" with capital of 0.5 million yen.
Dec. 1937 Moved headquarters and plant to Kawasaki.
Apr. 1939 Opened Press Kogyo School for Youth (renamed Press Technical College in 1970).
Jan. 1953 Succeeded in producing Japan's first stamped large-sized rear axle housing.
Feb. 1954 Went public on the Tokyo over-the-counter market (50 million yen capital).
Aug. 1961 Listed on the first section of the Tokyo Stock Exchange (800 million capital).
Oct. 1961 Listed on the first section of the Osaka Stock Exchange (800 million capital).
Jul. 1988 Established a joint venture, PK USA, Inc. (currently a consolidated subsidiary) in the USA..
Dec. 1995 Invested in Thai Summit PKK Co., Ltd.
Mar. 1997 Started PDI service for General Motors Japan's Saturn.
Mar. 1997 Invested in Thai Summit PKK Bangna Co., Ltd.
Apr. 1997 Invested in and established Blue River Stamping, Inc. as a subsidiary to PK USA, Inc.
Aug. 1999 Moved functions of the Tochigi Works to the Utsunomiya Plant
Aug. 2001 Invested in Bankin Kogyo (currently an affiliate).
Mar. 2002 Invested in Thai Summit PKK Engineering Co., Ltd.
Jul. 2004 Established a joint venture, PM Cabin Manufacturing Co., Ltd. , a consolidated subsidiary
Jul. 2004 Established Metal Techno, a consolidated subsidiary.
Feb. 2005 Increased share capital through a public offer of new shares at market value. This amounted to 3,624 million yen.
Mar. 2005 Increased capital under a third-party allocation of new shares amounting to 543.6 million yen.
Apr. 2005 Merged temporality with Press Kogyo Saitama Mfg. Co. Ltd., located in Kawagoe-shi, Saitama; which started its operations as the Saitama plant.
Sep. 2005 Established Press Kogyo Co., Ltd. in Thailand.
Nov. 2005 Established PK-UD Axle Co., Ltd., a joint-venture in Hangzhou in China, which is currently an unconsolidated subsidiary.
Dec. 2005 Thai Sumit PKK Co., Ltd. acquired Siam Auto Manufacturing.
Jun. 2006 Obtained additional shares in Thai Summit PKK Co., Ltd.; Thai Summit PKK Bangna Co., Ltd.; Thai Summit Engineering PKK Co., Ltd.; and Siam Auto Manufacturing Co., Ltd., making them its consolidated subsidiaries.
Dec. 2006 PP Press & Platgruppen AB was reorganized into Press & Plat N.V., and Press & Plat Industri AB.
May 2007 Acquired additional shares of Press & Plat N.V. and Press & Plat Industri AB, making them consolidated subsidiaries.
Nov. 2008 Established a joint-venture company, Thai Summit PK Corporation Ltd. in Thailand with the aim of integrating all of its existing joint-venture units in Thailand in the future. This joint venture is now a consolidated subsidiary.
Jan. 2010 Established Ocean Stream (Thailand) Co., Ltd. in Thailand.
Oct. 2010 Established PK Manufacturing (Suzhou) Co., Ltd. in Suzhou, China.
Aug. 2011 Established PT.PK Manufacturing Indonesia.
Feb. 2012 Established Press Kogyo Mini Cabin (Suzhou) Co.,, Ltd. in Suzhou, China.
Apr. 2022 Moved from the First Section of the Tokyo Stock Exchange to the Prime Market in line with TSE’s reorganization in April 2022.

Supplemental Information 1